Alphas balance-of-payments data for 2010 are shown below. All figures are in billions of dollars. What are
Question:
Alpha’s balance-of-payments data for 2010 are shown below. All figures are in billions of dollars. What are the
(a) balance on goods,
(b) balance on goods and services,
(c) balance on current account, and
(d) balance on capital and financial account? Suppose Alpha sold $10 billion of official reserves abroad to balance the capital and financial account with the current account. Does Alpha have a balance-of-payments deficit or does it have a surplus?
Transcribed Image Text:
Goods exports Goods imports Service exports Service imports Net investment income Net transfers Balance on capital account Foreign purchases of Alpha assets Alpha purchases of assets abroad $+40 -30 +15 -10 -5 +10 0 +20 -40
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
ANSWER To determine the balance on goods balance on goods and services balance on the current account and balance on the capital and financial account ...View the full answer
Answered By
Tobias sifuna
I am an individual who possesses a unique set of skills and qualities that make me well-suited for content and academic writing. I have a strong writing ability, allowing me to communicate ideas and arguments in a clear, concise, and effective manner. My writing is backed by extensive research skills, enabling me to gather information from credible sources to support my arguments. I also have critical thinking skills, which allow me to analyze information, draw informed conclusions, and present my arguments in a logical and convincing manner. Additionally, I have an eye for detail and the ability to carefully proofread my work, ensuring that it is free of errors and that all sources are properly cited. Time management skills are another key strength that allow me to meet deadlines and prioritize tasks effectively. Communication skills, including the ability to collaborate with others, including editors, peer reviewers, and subject matter experts, are also important qualities that I have. I am also adaptable, capable of writing on a variety of topics and adjusting my writing style and tone to meet the needs of different audiences and projects. Lastly, I am driven by a passion for writing, which continually drives me to improve my skills and produce high-quality work.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Macroeconomics
ISBN: 9780077337728
19th Edition
Authors: Campbell Mcconnell, Stanley Brue, Sean Flynn, Flynn Mcconnell Brue
Question Posted:
Students also viewed these Business questions
-
Alphas balance-of-payments data for 2012 are shown below. All figures are in billions of dollars. What are the (a) Balance on goods, (b) Balance on goods and services, (c) Balance on current account,...
-
This worksheet makes use of two tables of data. The first table, the Lukistan Balance of Payments data lists various components of the Balance of Payments as reported by government. Some of these...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
1. Describe briefly how computers work and become tools for committing cyber-related crimes. 2. Use of proxies and VPNs is one of the methods cybercriminals try to cover their digital track and...
-
On which two personality dimensions should team members have the highest scores, on average, to produce the best team performance?
-
What is the difference between the Murphree tray and point efficiencies?
-
a. Begin with the data from \(n=185\) countries throughout the world that have valid (nonmissing) life expectancies. Plot the life expectancy versus the gross domestic product and private...
-
Given the following diagram, a. What is the capacity of this system? b. If the capacity of one operation could be increased in order to increase the output of the system, which operation should it...
-
[6 points] (a) What would be the total time to it would take to send the following ASCII message over a 9600 bps communications channel: messageone (1) If asynchronous transmission was being used....
-
China had a $372 billion overall current account surplus in 2007. Assuming that Chinas net debt forgiveness was zero in 2007 (its capital account balance was zero), by how much did Chinese purchases...
-
What have been the major causes of the large U.S. trade deficits in recent years? What are the major benefits and costs associated with trade deficits? Explain: A trade deficit means that a nation is...
-
Buffon Electronics Company issues a $1,000,000, 10%, 20-year mortgage note on January 1. The terms provide for semiannual installment payments, exclusive of real estate taxes and insurance, of...
-
What persuaded Mr.Beck to be of service to the colleagues and community? How much importance does Mr. Beck think having a 'passion for serving' has to do with crisis management? How mentoring others...
-
You are the judge: When Jack and Jill were boyfriend and girlfriend, Jack gave Jill a new and expensive phone. Jill knew with Jack's salary he could not afford such a phone. Jack told her that he...
-
es Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity...
-
Consider a store that buys a chocolate and caramel candy bar for $1 (the bar is then sold at retail for $1.50). Annual demand is 5,000 bars, the carrying rate is 20 percent, and the order cost is $10...
-
Long-term debt ratio 0.3 Times interest earned 10.0 Current ratio 1.6 Quick ratio. 1.0 Cash ratio 0.3. Inventory turnover 3.0 Average collection period 73 days Use the above information from the...
-
Conwell Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2012,...
-
Suppose that a flow network G = (V, E) violates the assumption that the network contains a path s t for all vertices V. Let u be a vertex for which there is no path s u t. Show that there must...
-
Suppose that two different castaways, Mr. and Mrs. Howell, end up on a different island. Mr. Howell can pick 1 pineapple per hour, or 1 coconut. Mrs. Howell can pick 2 pineapples per hour, but it...
-
You and a friend have decided to work jointly on a course project. Frankly, your friend is a less-than ideal partner. His skills as a researcher are such that he can review and outline only two...
-
Suppose that an economys PPF is a straight line, rather than a bowed out, concave curve. What would this say about the nature of opportunity cost as production is shifted from one good to the other?
-
Two and one half years from now Melanie Olson wants to have $8,500 in the bank. She can earn insterest of 12% compounded monthly. Compute the amount that Millatti must deposit today.
-
Explain the famous Kantian dictum: Thoughts without content are empty, intuitions without concepts are blind. Explain the notion that our a priori concepts are the source of a powerful illusionthe...
-
how this reported in form 4797 and what part? on December 1, 2023, sold 100 shares of Grand View, Inc. for $2,000. The stock had been purchased on March 1, 2023 for $3,000
Study smarter with the SolutionInn App